EX 15-3 Common-sized income statement Revenue and expense data for the current calendar year for Shoesmith Electronics Company and for the electronics industry are as follows. The Shoesmith Electronics Company data are expressed in dollars. The electronics industry averages are expressed in percentages. Sales Sales returns and allowances Net sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Operating income Other income Other expense Income before income tax Income tax Net income Shoesmith Electronics Company $4,200,000 200,000 $4,000,000 2,120,000 $1,880,000 $1,160,000 480,000 $1,640,000 $ 240,000 84,000 $ 324,000 60,000 $ 264,000 120,000 $ 144,000 Electronics Industry Average 105.0% 5.0 100.0% 59.0 41.0% 24.0% 10.5 34.5% 6.5% 2.1 8.6% 1.5 7.1% 6.0 1.1% a. Prepare a common-sized income statement comparing the results of operations for Shoesmith Electronics Company with the industry average. Round to one decimal place. As far as the data permit, comment on significant relationships revealed by the comparisons. b. signment Score: estion 3 of 19 197/1900 What is Eddie's Electronics' profit? S Eddie's Electronics sells laptop computers for $400 each. At this price, the store sells 325 laptops. Eddie's Electronics incurs a $343 cost for each laptop it sells. Assume that this is the store's only cost. Round your answers to the nearest dollar. What is Eddie's Electronics' revenue? NG NG MG * 8 acer F10 9 O F12 50 k Resources PrtSc Sys Pause Check Answ Del Mury Lock Home